Monday, October 13, 2014
LAKE Lakeland Industries Goes Parabolic on Ebola Fears
There are always stocks that will buck the down tape. LAKE is a provide of protective clothing such as hazmat suits and other safety garments that healthcare workers are using for the Ebola outbreak. LAKE catapults near +50% higher today and up +400% in the last two weeks. In after hour (AH) trading, LAKE gains another +15% to 33.35. Traders are tripping over each other to buy Lakeland. The chart illustrates the growing fear over Ebola and astute traders are simply taking advantage of the fear. Now the trade develops into the bigger fool theory. As long as there is another bigger fool willing to buy then your long trade is okay. If there are no longer any fools remaining, then look in the mirror, because you sir, or madam, are the fool. If fortunate to ride the wave higher take the money and run. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.